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Supreme Court blocks Trump's bid to remove Fed governor Lisa Cook

financeJun 29, 2026311,332

The Supreme Court on June 29 temporarily blocked President Donald Trump from removing Federal Reserve governor Lisa Cook, keeping her in office while her legal challenge to the firing proceeds in the lower courts. The court’s order prevents immediate ouster and preserves the Federal Reserve’s independence for now, with the litigation over Trump’s authority to dismiss a Fed governor continuing below. Multiple news accounts described the decision as a rebuff to an effort by the president to exert control over monetary policy. The ruling was reported as narrow and provisional, leaving open further proceedings that will determine whether Cook can be removed permanently.

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